HOW ENERGY AS
Score · fiscal year 2025
Not enough data: Not enough data (profitability or solidity missing)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 1.6% |
| Profit margin | – | 8.7% |
| Return on assets | – | 2.9% |
| Equity ratio | −14,522.4% | 53.9% |
| Debt-to-equity | – | 0.39 |
| Current ratio | 0.07 | 1.77 |
| Revenue growth | – | 0.9% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- HOW ENERGY AS
- Median: small companies in the same sector
What the numbers say
HOW ENERGY AS had an equity ratio of −14,522.4% in 2025. The company is not ranked: not enough data (profitability or solidity missing).
From 2024 to 2025: the equity ratio fell from −2,334.5% to −14,522.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −14,522.4% (median 53.9%).
- critical
Consider strengthening liquidity: current liabilities are 15.3 times current assets.
Based on: Current ratio 0.07 (median 1.77).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How solid is HOW ENERGY AS?
The equity ratio was −14,522.4% in 2025 (median 53.9%). Equity is negative, so liabilities exceed assets.
What is the liquidity of HOW ENERGY AS like?
The current ratio was 0.07 in 2025 (median 1.77). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 928828379
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 7 January 2022 4 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o Øivind Ramde, Stangs gate 23, 3179 ÅSGÅRDSTRAND (HORTEN)
- Municipality
- Horten rank 23 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 25 February 2022
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Øivind Ramde
- Chair of the board
- Nils Fredrik Fjærvik
- Board member
- Øivind Ramde
- Board member
- Frank Stefan Pete
- Accountant
- COMPLÉR ACCOUNTING AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 4 | 12 | – | |
| Rank | 556 | 560 | – | |
| Operating margin | – | – | – | |
| Return on assets | −1,692.1% | −164.6% | – | |
| Equity ratio | −5,007.3% | −2,334.5% | −14,522.4% | |
| Current ratio | 0.41 | 0.53 | 0.07 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.3 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | −0.3 MNOK | −0.1 MNOK | – |
| Net profit | −0.3 MNOK | −0.1 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | −0.9 MNOK | −1.0 MNOK | −1.1 MNOK |
| Retained earnings | −1.2 MNOK | −1.1 MNOK | −1.1 MNOK |
| Total liabilities | 0.9 MNOK | 1.1 MNOK | 1.1 MNOK |
| Current liabilities | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6536921.